HEXO Corp (TSE:HEXO) (NYSEAMERICAN:HEXO) unveiled bright news Wednesday that it was stepping up to help Quebec food charity Moisson Outaouais, with a donation of C$20,000 to purchase fresh fruits and vegetables to be distributed to people in need.
The Gatineau-Quebec based non-profit provides food to those in need and is dealing with a number of unforeseen events, including spring floods in the area.
"Moisson Outaouais does a remarkable job for the people of the Outaouais region, both for the daily needs of the most disadvantaged and for those affected by unforeseen events, such as the recent spring floods," said Terry Lake, vice president, Corporate Social Responsibility at HEXO in a statement.
HEXO is a cannabis packaging company that creates and distributes products to serve the global cannabis market.
"The mission of this non-profit organization is in perfect harmony with our own commitment to caring for people, one of the four priorities of our corporate social responsibility charter," said Lake. "Food aid has a direct impact on people's quality of life and we are happy to be able to contribute."
Moisson Outaouais helps fight hunger
Moisson Outaouais helps an average of 10,500 people per month. Of all these requests, 37% are for children. Last year, the organization redistributed more than 820,505 kilograms of food.
"Moisson Outaouais is delighted to see a company like HEXO join such an important cause, the fight against hunger. As the needs are great, especially within the current context of the floods, HEXO's donation will make a big difference to the people in the community and we invite other companies to follow HEXO’s example," said Armand Kayolo, general manager of Moisson Outaouais.
HEXO has been supporting Moisson Outaouais since last year, when the company made its first donation of $5,000 in October 2018.
Shares of HEXO were up on Wednesday, up 5% at C$9.71 in Toronto, up 4.9% at US$7.23.
Contact Katie Lewis at [email protected]